In many ways, Denmark is a great place. Here are good salaries, excellent working conditions, and when it comes to what kind of products we as consumers have available, we are particularly well-groomed. This is especially true of loans in 2018 , where we as Danes have more options than ever before to borrow money.

Money online

If you need to find a place to borrow money, it won’t be much quicker or easier to find the loan online. There is a tendency for most of us Danes to trust only our local bank, and that we have a blind belief that they always want us the best. Now this post does not have to deal with the “bad” bankers that we see for example in the US – but it is important to keep in mind that every time you get a loan from the bank, it is always (seen from bank) with profit in mind. And if you are physically sitting at a meeting with your bank adviser, there is a great chance that you feel pressured to accept the offer. First, it is the euphoria that hits you when you get the loan approved, and only needs to put your signature that inhibits your judgment and partly you are also isolated from the outside world when you sit in the bank’s meeting room.

If you are looking for a loan in 2018, we always recommend that before you contact the bank, look around on the web, thereby giving one the most opportunities to find the best loan.

Now, it certainly should not be perceived as having anything against the traditional banks – on the contrary. We are of the opinion that it is always worth having an experienced and skilled bank advisor in the back – we just want to remind you that the adviser’s role besides helping you as a customer is also to obtain the bank profit. At best, you achieve a situation that “both parties are satisfied with” – instead of an agreement where you instead of being satisfied, is above all happy. You should, to say the least, never doubt that the bank always acts on its own best interest.

Fortunately, with the help of technology and the internet, managing financial affairs has become much more manageable. If you are looking for a loan in 2018, you can quickly and easily get an overview of the various providers that are on the market, see a quick overview of what it actually costs to borrow the money with them, for example;

Interest rates – often digital loan providers have the reputation of having very high interest rates – almost as high as they ruin people. Fortunately, this is not always the case – and fortunately, the exact interest rate is always visible.

Payment Fees – There are various fees associated with having to borrow money. Depending on how you pay – for example, monthly – there may be a fee on the payment method. If it is via giro, you must be aware that you often pay upwards of 50 kroner to be allowed to pay a bill. If you pay via PBS (payment service), you can often get significantly cheaper.

Founding costs – there are almost always costs associated with having to borrow money. It is also one of the reasons why it may sometimes be a good idea to extend an existing loan rather than taking up a new one – as you can often save (or at least reduce) the fee here. And here is usually not just a few hundred dollars, but can often run up to ten, twenty thousand – and sometimes even more.

Besides the above, it is also a good idea to check up on what to pay in other fees. Payment fees and founding fees are one thing, but there may be additional fees on, for example, invoicing, administration, insurance or the like. Or that you can make the best – and correct choice for the best loans in 2018,

And much more. In addition, with one of the many loan calculators you can also quickly check up on whether the digital loan provider has good reviews online .

It costs money to borrow money

No matter which provider you choose, always keep in mind that it costs money to borrow money. There is nothing that can change. Therefore, of course you have to make sure that the money is actually something you need and that you cannot save up for what you need the money for. But as long as you are aware that all borrowed money must be returned again, you are a big step in the way of achieving a stable and healthy private economy. And that does not necessarily mean that you never have to borrow money. Most of us borrow money in either large or small scale – or maybe in between. It also means that it doesn’t matter where you borrow her money, as there can be big differences in what one has to pay in interest and how the loan at all works. Among other things, it is not all places you have the opportunity to use an online bank – which for most of us seems quite unnatural.

When of course it is fixed, you can start thinking about which loan in 2018 best suits you. That way, you make sure your loans are neither too big nor too small, and you don’t have to be remunerated for anything you might not really need.

Another important thing to look into is whether the loan can be repaid beforehand. Some places interest and fees are calculated before you even borrowed the money and added the principal. In that case, it doesn’t matter if you repay the loan before time, as the interest has already been added to the loan. Here it is very important to assess whether you are able to repay the loan ahead of time, as you can save a lot of money by choosing a loan where this is an option.